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Ohio becomes 1st in nation to sell state prison to private company; 4 others not sold
COLUMBUS, Ohio (AP) ' An 11-year-old lock-up along on the shores of Lake Erie in Ohio has become the first state prison in the nation to be sold to a private company.
Lake Erie Correctional Institution in northeastern Ohio's Ashtabula (ash-tuh-BYOO'-luh) County is the only one of five state prisons up for sale that will be sold, state officials said Thursday. It's going to Corrections Corporation of America for $72.7 million.
The four other prisons for sale didn't generate advantageous offers.
Utah-based Management Training Corporation won rights to operate two facilities in Marion, Ohio, as a single prison c and a privately run state prison in Lorain County will be returned to state control.
Ohio will save an estimated $13 million annually with the moves, part of Republican Gov. John Kasich's (KAY'-siks) budget-cutting efforts.